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MTK CONSTRUCT

Active
Private limited companyfounded 2023active for 3 yearsHilarius Bertolfstraat 14, 9050 Gent, BelgiumKBO/BCE: BE 0797.965.946
Summary

The computed 12-month bankruptcy probability of MTK CONSTRUCT is 8.8% (elevated). The 2023 annual accounts show equity of €2,095 and a net result of -€3,905. Its solvency ranks better than 45% of 1,169 sector peers (NACE 42, financial year 2023). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Civil engineering
NACE 42211
1 site
Size
€5,212total assets 2023
Equity
€2,095
Loss
-€3,905
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
8.8%
2023 figures too old to score
Structure
Accounts 7 days early0 of 1 deed read
Signalsraises risk2 financial years not filed after the legal deadlineFigures for financial year 2023 (filed 30-07-2024)No filing in 24 months (latest 30-07-2024)Founded in 2023neutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Financial strength, FY 2023
Weak
Solvency 65
equity 40.2% of total assets
Liquidity 26
short-term debt 54.9% · cash 3.7%
Profitability 0
return on assets -74.9%
Bankruptcy probability, 12 months
8.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,866 companies, NACE 42, micro)
Last 24 months 11-2024: 1.9%lowest value 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 2.0%▲ +0.1 percentage points vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 2.1%▲ +0.1 percentage points vs 04-2025 06-2025: 2.1%● unchanged vs 05-2025 07-2025: 2.2%▲ +0.1 percentage points vs 06-2025 08-2025: 2.8%▲ +0.6 percentage points vs 07-2025 09-2025: 2.8%● unchanged vs 08-2025 10-2025: 4.0%▲ +1.2 percentage points vs 09-2025 11-2025: 4.1%▲ +0.1 percentage points vs 10-2025 12-2025: 4.8%▲ +0.7 percentage points vs 11-2025 01-2026: 6.3%▲ +1.5 percentage points vs 12-2025 02-2026: 6.3%● unchanged vs 01-2026 03-2026: 6.5%▲ +0.2 percentage points vs 02-2026 04-2026: 5.9%▼ -0.6 percentage points vs 03-2026 05-2026: 5.9%● unchanged vs 04-2026 06-2026: 5.8%▼ -0.1 percentage points vs 05-2026 07-2026: 5.8%● unchanged vs 06-2026 08-2026: 8.9%▲ +3.1 percentage points vs 07-2026highest value 09-2026: 8.9%● unchanged vs 08-2026highest value 10-2026: 8.8%▼ -0.1 percentage points vs 09-2026
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Signals

Five signals.
raises riskneutral
raises risk · 2 financial years not filed after the legal deadline
NBB · filings
raises risk · Figures for financial year 2023 (filed 30-07-2024)
NBB · annual accounts
raises risk · No filing in 24 months (latest 30-07-2024)
NBB · filings
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-07-2024, 7 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2023
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2023 accounts 7 days before the deadline; the sector median (NACE 42) for financial year 2023 is 5 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…

Financials · financial year 2023, micro format

Equity
€2,095
Total assets
€5,212
Net result
-€3,905
Working capital
€2,349

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Equity and liabilities €5,212
Equity €2,095
Debt €3,118
Debt finances 59.8% of the balance-sheet total.
Key figures and ratios
2023 value
Current ratio
1.82
Debt to equity
1.49
ROE
-186.4%
ROA
-74.9%
Debt ≤ 1 year
€2,863
Annual accounts
Filed annual accounts As filed with the NBB · 2023 · 26 lines
Balance sheet Code2023
Assets
Total assets20/58€5,212
Current assets29/58€5,212
Amounts receivable within one year40/41€5,022
Trade receivables40€337
Other amounts receivable41€4,685
Cash at bank and in hand54/58€191
Equity and liabilities
Total equity and liabilities10/49€5,212
Equity10/15€2,095
Contributions10/11€6,000
Profit (loss) carried forward14-€3,905
Amounts payable17/49€3,118
Amounts payable within one year42/48€2,863
Trade debts44€2,163
Suppliers440/4€2,163
Taxes, remuneration and social security45€700
Taxes450/3€700
Accrued charges and deferred income492/3€254
Income statement Code2023
Other operating charges640/8€429
Gross operating margin9900-€2,522
Operating profit (loss)9901-€2,951
Financial charges65/66B€954
Recurring financial charges65€954
Profit (loss) for the period before taxes9903-€3,905
Profit (loss) for the period9904-€3,905
Profit (loss) for the period to be appropriated9905-€3,905
Appropriation of the result
Profit (loss) to be appropriated9906-€3,905

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2023
Other operating charges640/8€429
Gross operating margin9900-€2,522
Operating profit (loss)9901-€2,951
Financial charges65/66B€954
Recurring financial charges65€954
Profit (loss) for the period before taxes9903-€3,905
Profit (loss) for the period9904-€3,905
Profit (loss) for the period to be appropriated9905-€3,905
Line2023
Assets
Total assets20/58€5,212
Current assets29/58€5,212
Amounts receivable within one year40/41€5,022
Trade receivables40€337
Other amounts receivable41€4,685
Cash at bank and in hand54/58€191
Equity and liabilities
Total equity and liabilities10/49€5,212
Equity10/15€2,095
Contributions10/11€6,000
Profit (loss) carried forward14-€3,905
Amounts payable17/49€3,118
Amounts payable within one year42/48€2,863
Trade debts44€2,163
Suppliers440/4€2,163
Taxes, remuneration and social security45€700
Taxes450/3€700
Accrued charges and deferred income492/3€254
Line2023
Profit (loss) for the period9904-€3,905
Operating cash flow (approximation)-€3,905

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2023 micro format 24-07-2024 2024-00303974

Similar companies · same sector, comparable size

Of the 289 active companies whose main activity is civil engineering (NACE 42211), figures are known for 138. 25 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 2 February 2023, MTK CONSTRUCT was incorporated as a private limited company.1 The company has filed annual accounts once, for financial year 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2023

Acts, filings and financial milestones

2024
24-07
NBB filing Annual accounts filed
financial year 2023 · micro format
NBB filing
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded02-02-2023
Financial year end31-12
Activities, NACEBEL 2025
42211Civil engineering
42110Construction of roads and motorways
42212Civil engineering
42220Construction of utility projects for electricity and telecommunications
43221Plumbing work
43990Other specialised construction activities
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 17 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0797.965.946

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
116 m²
Building footprint
91 m²
Building volume
642 m³
Parcel 44032A0124/00G000, Flanders · tallest building 12.8 m. Linked by address, not a title deed.
1 establishment unit
MTK CONSTRUCT
Hilarius Bertolfstraat 14, 9050 GentCivil engineering
since 2023unit no. 2.342.232.868
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
44032A0124/00G000 Flanders 116 m² 1 · 91 m² 12.8 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.